Fintech funding round-up: 24 November 2016

Good ideas can bring good money

Let’s put the fun in funding by keeping it mercifully brief. Money seekers are PayKey, Euklid and Flender.

Morgan Stanley and National Australia Bank to leave R3?

Going separate ways

Morgan Stanley and National Australia Bank (NAB) are understood not to be renewing their membership with the R3 blockchain consortium.

Top fintech stories this week – 11 November 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Fintech start-ups in Europe to get up to €1.6bn in funding from EIF

Money for European fintech start-ups, but what about the UK?

The European Commission (EC) has pledged up to €400 million to the European Investment Fund’s (EIF) new fund-of-funds – for the money to be spent on start-ups in Europe, including in the fintech space. The EC will also look for three times more investment from institutional investors to make up to €1.6 billion available.

Fintech funding round-up: 4 November 2016

Banking Tech 2

Let’s put the fun in funding by keeping it mercifully brief. A round-up of some key events. KEEN Venture Partners, a new venture capital firm operating from London and Amsterdam, has announced €90 million first close of its inaugural fund. It will use the money to provide early growth capital for tech firms with a […]

Payments start-up nanopay gets $10m funding boost


Toronto-based payments start-up nanopay has completed its $10 million Series A funding round. With this financing and the MintChip platform, which nanopay recently acquired from The Royal Canadian Mint, it is developing new business partnerships to “expand the global utility and acceptance” of MintChip. Laurence Cooke, CEO and founder of nanopay, says its focus is […]

R3 blockchain code goes open source

Trouble in R3 paradise?

R3 has made its blockchain platform’s code publicly available as it seeks to make it an industry standard. The Corda platform has been developed by R3’s consortium, which comprises more than 60 financial institutions around the world (the latest addition is Synchrony Financial – the first credit card company to join the consortium). “We want […]

Fintech funding round-up: 19 October 2016

Good ideas can bring good money

Want to save some time but be in the know of the latest funding initiatives in the fintech space? Then read on.

US Bank finds geolocation innovation for anti-fraud

US Bank is offering a Visa-developed geolocation service, a new, opt-in technology integrated into the bank’s mobile apps that enable the location of a card transaction to be matched to the location of the user’s phone. By matching the location, US Bank says it can help ensure that transactions on customers’ cards are approved and […]

IbanFirst raises €10m and launches Banking-as-a-Service for SMEs


Payments firm IbanFirst has raised €10 million for its growth plans and launched Banking-as-a-Service (BaaS) for SMEs in Europe. IbanFirst offers an online multi-currency platform “in BaaS mode” – which it calls “an alternative to banks”. It was founded in 2013 by Pierre-Antoine Dusoulier (former head of Western Europe at Saxo Bank) under the name […]